Cryptocurrency Analysis and News Portal
Celsius Network, a prominent global digital currency platform, has announced in a press release that it has reached a $4.2 billion mark for cryptocurrency loan organization, a $450 million figure for deposits and more than $5 million in interest income for the company’s depositors.The numbers disclosed were announced on November
Read More
Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with CryptoX.Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in July 2018 calculated at current Bitcoin (BTC) prices, a 93%
Read More
A 38% increase in stablecoin loans has been reported by Genesis Capital, one of the largest institutional lenders of cryptocurrencies, in the third quarter of 2019.Genesis Capital’s team reported that the growth in their lending business continues to grow as the record of $746M that had been set in the
Read More
Another step forward for the crypto industry. Silvergate Bank is turning up the heat in its latest initial public offering (IPO) update, aimed at scaling the crypto sphere by providing funding to crypto firms – both startups and established companies.Struggling crypto companies or startups that are looking to expand their
Read More
The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes:“We believe there may be attractive opportunities to provide digital currency borrowing facilities
Read More